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Know your bank

Author: Rishi Singh Category: Mountain October 12, 2008 Everest, Nepal

Kathmandu, October 11:Amid the worsening-by-the-day global crisis and the US government’s decision yesterday to buy an ownership stake in a broad array of American banks for the first time since the G

Kathmandu, October 11: Amid the worsening-by-the-day global crisis and the US government’s decision yesterday to buy an ownership stake in a broad array of American banks for the first time since the Great Depression, it wouldn’t be a bad idea to have a thorough look at our own financial institutions and their fiscal fitness. We are looking at our own banks and their performance: • Nepal Bank Ltd (November 15, 1937) Chairman: Bharat Bahadur Karki Coordinator: Dr Binod Atreya (Nepal Rastra Bank) Paid up capital: Rs 380 million Net Profit: Rs 528.7 million Earning Per Share: N/A Price earning Ratio (P/E): 0 ATMs: Joined hands with SCT • Rastriya Banijya Bank ( January 23, 1966) Chairman: Dr Bhola Chalise CEO: Janardan Acharya Paid up capital: Rs 1.017 billion Net Profit: Rs 1.77 billion Earning Per Share: N/A Price earning Ratio (P/E): N/A • Nabil Bank Ltd ( July 16, 1984) Chairman: Satyendra Pyara Shrestha Paid up capital: Rs 689.2 million Core capital: Rs 2,363.6 million Net Profit: Rs 746.5 million NPA: Rs 161 million of Rs 21,759.4 million loan (0.7 per cent) Networth: Rs 2,437.2 million Earning Per Share: Rs 108 Price earning Ratio (P/E): 48.7 • Standard Chartered Bank Nepal Ltd (January 24, 1986) Chairman: Neeraj Swaroop Paid up capital: Rs 620.78 million Core capital: Rs 2,304.76 million Net Profit: Rs 818.92 million NPA: Rs 128.72 million (0.92 per cent) Networth: Rs 2,492.55 million Earning Per Share: Rs 131.92 Price earning Ratio (P/E): 51.77 Branches: 11 branches and four extension counters • Everest Bank Ltd (October 18, 1994) Chairman: Bishnu Krishna Shrestha Paid up capital: Rs 831.4 million Core capital: Rs 2,004.7 million Net Profit: Rs 450.1 million Networth: Rs 1,679.6 million Earning Per Share: Rs 89.90 Price earning Ratio (P/E): 34.84 • Bank of Kathmandu Ltd (March 3, 1995) Chairman: Sanjay Bahadur Shah Paid up capital: Rs 603.14 million Core capital: Rs 1,324.51 million Net Profit: Rs 371.25 million Networth: Rs 224.36 million Earning Per Share: Rs 61.55 Price earning Ratio (P/E): 38.18 Branches: 23 branches and six Extension Counters • Nepal Credit and Commerce Bank (October 14, 1996) Chairman: Prithivi Raj Ligal CEO: Ratna Raj Bajracharya Paid Up capital: Rs 1,400 million Core capital: Rs 646.55 million Net profit: Rs 495.56 million Networth: Rs 696.13 million Earning Per Share: Rs 35.40 Price earning Ratio (P/E): 12.91 Branches: 17 branches ATMs: 2 (Baghbazar and Chabahil) • NIC Bank Ltd (July 21, 1998) Chairman: Jagdish Prasad Agrawal Paid up capital: Rs 944 million Core capital: Rs 1,294 million Net Profit: Rs 243 million NPA: Rs 98 million (0.85 per cent) Networth: Rs 1,303 million Earning Per Share: Rs 25.75 Price earning Ratio (P/E): 49.86 ATMs: Tie-up with SCT • Kumari Bank Ltd (April 3, 2001) Chairman: Noor Pratap J B Rana Paid up capital: Rs 1,070 million Core capital: Rs 1,369.89 million Net Profit: Rs 180.37 million Networth: Rs 1,375.74 million Earning Per Share: Rs 16.86 Price earning Ratio (P/E): 59.92 times • Laxmi Bank Ltd (April 3, 2002) Chairman: Rajendra K Khetan Paid up capital: Rs 913.19 million Core capital: Rs 1,086.01 million Net Profit: Rs 120.03 million Networth: Rs 1,154.16 million Earning Per Share: Rs 19.68 Price earning Ratio (P/E): 56.56 times • NMB Bank Ltd (Established in 1996/Upgraded in 2007) Chairman: Mahabir Prasad Goyal Paid up capital: Rs 1 billion Core capital: Rs 1,210.391 million Net Profit: Rs 73.1 million Networth: Rs 1,210.91 million Earning Per Share: Rs 7.31 Price earning Ratio (P/E): 127.20

Weather Update: Standard Himalayan mountain conditions

Peak Altitude: 8848 m

Risk Level: Low

Expedition Info: First ascent expedition

Mountaineering Himalayas Nepal Adventure Sports Everest First
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